LAGOS, Nigeria — Sunbeth Global Concepts Limited has raised ₦165.73 billion through its Series 1, Series 2 and Series 3 issuances under its Commercial Paper Programme, significantly exceeding the ₦100 billion initially targeted across the series.
The issuance, which opened to investors on February 27, 2026, and closed on March 6, 2026, was structured across three series with tenors of 179 days, 270 days and 364 days, offering investors multiple short-term investment options.
The notes were issued at discount rates ranging from approximately 19.0% to 19.3%, with implied yields between 21.0% and 23.5%, reflecting market-aligned pricing and strong participation from qualified investors.
Market interest in the offer was strong, resulting in an oversubscription of about 65 percent, which analysts say reflects growing investor confidence in Sunbeth’s operating model, governance framework and its expanding presence in the agricultural commodities value chain.
Proceeds from the issuance will be used primarily to support the working capital requirements of Sunbeth’s cocoa trading operations in Nigeria, strengthening the company’s capacity to source, finance and export cocoa to international markets.
Commenting on the successful close of the issuance, Nzubechukwu Anisiobi, Chief Operating Officer at Sunbeth Global Concepts Limited, said the strong demand from investors underscores confidence in the company’s long-term strategy.
“The strong investor response to our Series 1, 2 and 3 Commercial Paper issuances is a clear vote of confidence in Sunbeth’s business model and long-term strategy,” Anisiobi said. “We are deeply grateful to our investors and financial partners for their trust and support. This milestone further strengthens our capacity to scale our trading operations and deepen our contribution to Africa’s agricultural export sector.”
Adeyemi Aduwo, Chief Financial Officer at Sunbeth Global Concepts, said the outcome also highlights rising investor interest in Nigeria’s agricultural export value chain.
“The cocoa market is going through an important transition across West Africa, and companies that combine strong trading capabilities with disciplined capital management will be best positioned to capture the opportunity,” Aduwo said.
According to him, the issuance enhances the company’s liquidity flexibility, allowing it to align funding with trading cycles, manage market volatility through structured risk management and continue expanding across the cocoa value chain.
Beyond trading, Sunbeth Global Concepts plans to deepen its participation across the cocoa value chain, including processing and other higher-value segments that could deliver more stable margins while strengthening Africa’s position in the global cocoa market.
The company said it remains committed to strong financial discipline, transparency and prudent capital deployment as it expands operations across Nigeria, Cameroon, Ghana and other key commodity origin markets.
The Commercial Paper will be quoted on either FMDQ or the Nigerian Exchange (NGX), providing transparency and liquidity for participating investors.
